FCCB buyback deadline extended; completion required by new date and existing buyback terms remain unchanged. The deadline for completing the entire buyback/prepayment procedure for Foreign Currency Convertible Bonds (FCCBs) under A. P. (DIR Series) Circular No.39 is extended to the revised year end; all other terms and conditions of the earlier circular remain unchanged and AD Category I banks must notify their constituents. The directions are issued under the Foreign Exchange Management Act, 1999 and do not affect permissions required under other laws.
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Provisions expressly mentioned in the judgment/order text.
FCCB buyback deadline extended; completion required by new date and existing buyback terms remain unchanged.
The deadline for completing the entire buyback/prepayment procedure for Foreign Currency Convertible Bonds (FCCBs) under A. P. (DIR Series) Circular No.39 is extended to the revised year end; all other terms and conditions of the earlier circular remain unchanged and AD Category I banks must notify their constituents. The directions are issued under the Foreign Exchange Management Act, 1999 and do not affect permissions required under other laws.
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